online.wsj.com - 5/7/2009
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Give the financial crisis credit for at least one good thing: it exposed the Securities and Exchange Commission. From systemic risk to Bernie Madoff, the failure of the SEC is now an accepted truth on Wall Street. The commission not only whiffed on its duty to protect investors, it allowed the ...
bloomberg.com - 5/2/2009
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bloomberg.com —
May 2 (Bloomberg) -- The U.S. Securities and
Exchange Commission should be given authority to regulate what...
hedge funds can buy and how much money they can borrow to maximize bets because registration falls short of what’s needed to police the $1.33 ...
(more)
SEC Chief Schapiro Wants Authority to Make Hedge-Fund Rules
online.wsj.com - 5/13/2009
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online.wsj.com —
The Securities and Exchange Commission staff is readying
civil fraud charges against Countrywide Financial Corp. co-founder Angelo...
Mozilo, in what would be the highest-profile government legal action against a chief executive connected to the ...
(more)
SEC Poised to Charge Mozilo With Fraud
Comments
Blog Reactions
Links 5/7/09
naked capitalism —
... Walls to Fight Desertification Inhabitat Studies from head to toe show Indonesian 'hobbit' is a new type of human ABC (the Australian ABC, hat tip reader Skippy) UN 'stunned' by scale of bail-out BBC DNA profiles of innocent to be kept for 12 years despite European ruling Telegraph Surprise increase in Australian jobs Financial Times. Unlike supine US economists, the Aussie types said they don't believe the report. Dream of SEC Overhaul Fades Along With Crisis David Weidner, Wall Street Journal versus ...
"The SEC is beyond spoiled. It's rancid."
Conglomerate —
David Weidner is not at all happy with Mary Shapiro, new Chair of the SEC, and he is trying to rekindle the fire of reform: From systemic risk to Bernie Madoff, the failure of the SEC is now an
accepted truth on Wall Street. The commission not only whiffed on its
duty to ...
Related Content
Specialization Key to SEC Enforcement Division Overhaul
securitiesdocket.com 5/5/2009 — by Bruce Carton
In a column last month, I noted the arrival of a new Securities and Exchange Commission enforcement director, Robert Khuzami (pictured below). I suggested that Khuzami had to hit the ground running and discussed the flood of suggestions from within the SEC and from the outside ...
SEC Heal Thyself: Compliance Program Revamped
securitiesdocket.com 6/9/2009 — The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC.
Specifically, the agency’s inspector general has found evidence of “suspicious activity, appearances of ...
How the New SEC Enforcement Director Can Help Restore Investor Confidence
securitiesdocket.com 4/14/2009 — by Bruce Carton
Robert Khuzami began his new job as director of the Enforcement Division at the Securities and Exchange Commission on March 30. His arrival marks the first change in leadership for the Enforcement Division since 200
Khuzami joins the SEC from Deutsche Bank AG in New York, ...
SEC Self-Funding: The Time Has Come
feedproxy.google.com 9/9/2009 — B. Carton
As I argued in this column last month, the Securities and Exchange Commission budget has been well below where it should be for several years. This shortfall has caused the SEC to suffer a 10 percent reduction in staff and a cut of more than 50 percent in its new technology ...
The SEC
blogmaverick.com 11/30/2008 — First let me say that this has nothing to do with me, but given my interest in all things financial and the government during this financial crisis, I read with interest the Office of Inspector General’s Report to Congress regarding the SEC.
...
Today’s Testimony of SEC Chairman Mary Schapiro Before Senate Subcommittee
securitiesdocket.com 6/2/2009 — Today, SEC Chairman Mary Schapiro testifies before the U.S. Senate Committee on Appropriations’ Subcommittee on Financial Services and General Government. A copy of her prepared testimony is available here. Key sections of her testimony are laid out below:
»»REINVIGORATING SEC ...
Fiscal Year 2009: The SEC’s Year from Hell
securitiesdocket.com 10/14/2009 — For the Securities and Exchange Commission, which operates on a fiscal year that ends every September, Oct. 1, 2009, could not come soon enough. It seems almost beyond dispute that the agency’s fiscal 2009 was the most dismal in its history, and perhaps the most transformational.
Now it ...
SEC looks to reassure investors
(Reuters)
news.yahoo.com 2/8/2009 — Reuters - Securities and Exchange Commission officials looked to reassure investors on Friday that they would reinvigorate the agency's policing of Wall Street, improve the quality of credit ratings and said they expect to bring more cases against ...
America's Fear of Competition
tbm.thebigmoney.com 1/24/2009 — Although everybody claims to love the market, nobody really likes the rough-and-tumble of competition that produces the essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that ...
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